MACRO METALS LIMITED — Board/Management Information 2012

Apr 19, 2012

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Friday 20 April 2012

The Company Announcements Platform ASX Limited

By E-lodgement

Dear Sir

Changes to Office Holders

Appointment of Mr Joe Ariti

The directors of Energio Limited ( the ‘Company’ ) are pleased to announce the appointment of Mr Joe Ariti as a new director of the Company effective immediately.

Mr Ariti is an experienced company director and mining executive with over 25 years' experience in technical, management and executive roles in assessing, developing, managing and financing mining projects and companies in Australia and overseas.

In recent times he has developed a strong background and successful track record in delivering capital market transactions including;

• $340 million cash off-market takeover of African Iron by South African coal group Exxaro Resources Limited.

• $130 million cash on-market takeover of Territory Resources Limited by Hong Kong based Noble Group.

• $96 million capital raising and reverse takeover to list African Iron on ASX.

Mr Ariti brings a focused and analytical approach to managing and adding value to a business and applies his intellectual strength to strategic thinking with a systematic and objective assessment of alternatives and clear decision making.

Mr Ariti possesses a strong commercial acumen with a focus on maximising value complemented with a clear understanding of capital markets, shareholder, stakeholder and operational issues.

Mr Ariti is also an Executive Director of Matrix Metals Limited and has previously held Non-Executive positions with African Iron Limited, Territory Resources Limited, Swick Mining Services Ltd and DMC Mining Limited.

The board would like to welcome Mr Ariti and looks forward to working closely with him to maximise shareholder value.

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Resignation of Mr Athan Lekkas

The directors also wish to announce that Mr Athan Lekkas has resigned from his position as a director of the company.

The board would like to take this opportunity to thank Mr Lekkas for his commitment and substantial contribution to the company during his tenure. Most notably, Mr Lekkas, having worked closely with previous and current director groups of the company, has been instrumental in identifying and ensuring the successful outcomes of the recent activities of the company.

On behalf of the board.

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Peter Hunt Joint Company Secretary